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Payroll Solutions

Payroll Solutions

PCPL provides payroll solution that reduces processing costs while ensuring accurate, streamlined and consistent execution of payroll and compliance needs. Solutions included in these services are Monthly Payroll Processing, Provident Fund, Tax deduction at source, Salary tax Assessment, Expatriate Tax compliances and advisory on structuring.

Some of the services that PCPL- Payroll vertical provides are as under:

  • Monthly payroll processing
  • Employee Master Data Creation & updation
  • Provision for investment declaration at start of the year to facilitate tax planning
  • Provident fund and tax deduction at source - advisory and regulatory support
  • Payroll designing, benefits structuring, stock options and perks valuation advisory
  • Employee statements, employees tax declarations, computation of tax, TDS certificates and Individual e-Tax Returns
  • Expatriate tax compliance
  • Full and final settlements etc.

Statutory Reports generated for compliance with various regulatory authorities:

  • Form 24 (Income Tax)
  • Section 217 (Companies Act - attachment to the directors report)
  • PF return
  • Professional Tax Return
  • Employee Welfare Scheme Reports

MIS reports include the following:

  • Company loan reports
  • Department-wise / grade-wise employee cost reports
  • Consolidated salary summary
  • Payroll register
  • Net Pay Advice
  • Journal voucher for accounting purposes according to the format defined by the company (Cost centre / Profit centre wise)

Employee Support Services:

  • Employees are provided with web-based solutions to facilitate viewing and printing of their salary slips and tax computations
  • d Payroll queries of the employees are handled through dedicated email supports and telephones in a defined time frame
  • Help desks at clients location is also organized at regular intervals to address any tax or payroll related matters
  • Annual Tax filing of tax returns facility may also be provided at nominal professional charges

Compliances of statutory requirements as per various regulatory authorities:

  • Income Tax compliance - Quarterly TDS e-return filing
  • Professional tax compliance
  • PF compliance - filing of various monthly and annual returns and forms with RPFC
  • Compliance with employee welfare scheme such as labor welfare board and others that may be applicable to the establishment
  • Assistance in computation, deduction and deposit of salary TDS
  • Issue of monthly/annual TDS certificates
  • Filing of quarterly E-TDS/Manual Returns
  • Monthly reconciliation of TDS due and deposited
  • Periodic review of TDS/ Withholding Tax compliance
  • Filing of Correction Statements
  • Advise on Maintenance of records
  • Replying to various notices from Tax department
  • TDS assessment
 
     
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